Antofagasta (LON:ANTO) Price Target Raised to GBX 2,400

Antofagasta (LON:ANTO) had its price target boosted by Deutsche Bank Aktiengesellschaft from GBX 2,300 to GBX 2,400 in a report published on Wednesday, Marketbeat reports. They currently have a hold rating on the mining company’s stock.

A number of other research analysts have also weighed in on the company. Citigroup reaffirmed a “buy” rating and set a GBX 2,300 price objective on shares of Antofagasta in a report on Friday, August 15th. Berenberg Bank restated a “buy” rating and issued a GBX 2,900 price target on shares of Antofagasta in a report on Friday, November 7th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Antofagasta in a research note on Thursday, November 6th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 1,900 target price on shares of Antofagasta in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group increased their price objective on shares of Antofagasta from GBX 2,125 to GBX 3,165 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Antofagasta has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,694.17.

Antofagasta Price Performance

Shares of ANTO opened at GBX 2,755.55 on Wednesday. The company has a market capitalization of £27.17 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of -1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 65.33, a quick ratio of 2.78 and a current ratio of 2.14. Antofagasta has a fifty-two week low of GBX 1,278 and a fifty-two week high of GBX 2,877. The firm has a 50-day simple moving average of GBX 2,703.99 and a 200-day simple moving average of GBX 2,216.04.

Antofagasta Company Profile

Antofagasta plc is a copper mining group with significant by-product production and interests in transportation. The Group creates value for its stakeholders through the discovery, development and operation of copper mines. The Group is committed to generating value in a safe and sustainable way throughout the commodity cycle.